Automotive Repair Shop For
For Sale
$399,000
Pending
2650 Atlantic Ave, Long Beach, CA 90806
Automotive repair shop with yard, terminating lease in December 2016.
Property Size1,472 SF
Lot Size0.13 Acres
Days on Market159
Property Features for 2650 Atlantic Ave
General Information
Standard status
Pending
Size
1,472 SF
Lot size
0.13 Acres
Property subtype
Commercial
Building Details
Building Size
1,472 SF
Listing Agency:
Safeguard Equities Inc
(562) 925-5041
Listed By:
Daniel Sheppard · License #00358197
Source:
Elliman
Added: Mar 11
Changed: Aug 15
Last Checked: Aug 15 at 10:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Safeguard Equities Inc
Investment Insights
Based on property information with market context.
This property, currently operating as an automotive repair shop, is available for sale. The building includes an office, restroom, and three bays. The property consists of two parcels, with the rear 25 feet located in Signal Hill, providing alley access. The current lease is scheduled to terminate in December 2016.
Key Highlights
- Automotive repair shop with yard
- Building includes an office, restroom, and 3 bays
- Lease terminating in December 2016
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,251
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$425,020
$425.0K
Cap Rate 7%
$303,586
$303.6K
Cap Rate 9%
$236,122
$236.1K
Market Conditions
NOI Build-Up for 1,472 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.7K $22.20/SF
− Vacancy
−$2.3K −$1.58/SF
EGI
$30.4K $20.62/SF
− OpEx
−$9.1K −$6.19/SF
NOI
$21.3K $14.44/SF
Area
ZIP 90806
Vacancy
7.10%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$425,020
Cap Rate 7%
$303,586
Cap Rate 9%
$236,122
Alternative Uses
Best Use
Retail
$303.6K
$265.6K – $354.2K
NOI $21,251 @ 7.0% cap · market cap 5.33%
Second Best
Industrial
$257.3K
$225.1K – $300.2K
NOI $18,010 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$788.1K
$689.6K – $919.5K
NOI $55,167 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,704
Businesses Nearby
351k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 23%
Groceries 16%
Apparel 4%
McDonald's
Dining
50,256 visits/mo
0.2 miles
Albertsons
Groceries
41,960 visits/mo
0.3 miles
Starbucks
Dining
29,044 visits/mo
0.2 miles
Carl's Jr.
Dining
18,779 visits/mo
0.2 miles
Taco Bell
Dining
16,591 visits/mo
0.2 miles
Demographics for 90806, CA
41,611
Population
13,106
Households
3.2
Avg Household Size
35
Median Age
22%
College-Educated
72%
High-School Grad
4.9 sq mi
ZIP Area
8,492
Density / Sq Mi
$73,674
Median Household Income
$36,691
Median Earnings
$1,672
Median Rent
$699,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- tint monsters & sound — 2160 Long Beach Blvd, Long Beach, CA 90806
- Just Repair CA — 2160 Long Beach Blvd, Long Beach, CA 90806
- H & R Auto Body Shop — 2086 Pacific Ave, Long Beach, CA 90806
- Silva's Tires — 2119 Pacific Ave, Long Beach, CA 90806
- Mobile Mechanic — 2085 pacific ave, long beach, ca 90806
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive repair shop with yard, terminating lease in December 2016.
Where is this auto shop located?
The property is located at 2650 Atlantic Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Automotive repair shop with yard; Building includes an office, restroom, and **3 bays**; Lease terminating in December 2016
